Aurora Algae Raises $22 Million More for Algae Food: Aurora Algae has raised $22 million in another funding ro...

Aurora Algae has raised $22 million in another funding round that will allow it to break ground on a commercial algae farm in Australia early next year. The farm--actually a series of ponds--will cover approximately 610 hectares, or 1500 acres in Maitland, Western Australia. Aurora secured the land earlier this year. To date, the company has raised $72 million. Investors in the latest round includes Oak Investment Partners and a new, but unnamed, strategic partner. The infusion of new funds comes amid renewed interest among investors for industrial biology. In the past year, Amyris, Solazyme, Gevo and Codexis--which make biofuels and biochemicals--have all held IPOs. Yes, biofuel subsidies are currently under scrutiny in Washington, but federal policy still calls for increasing biofuel production over the next two decades. More importantly, the continued high prices of oil...